Do not short at lower levels . strong support at 5782.
Nifty Future- (5825) on the way up key a Major resistance at 5920 Closing above 5920 tham nifty lead to 5960/6000 area. below 5782 strong support at 5755. do not short at near lower level.
GMDC (144.5) Buy at decline at 142 for objective of 149/151 area. break above 151 than should lead the stock towards 165 area. Keep stop below 140 area. Very positive bias for this stock.
Havells (404.5) buy at cmp for objective of 417/432 area. Now break above 432 than should lead the stock towards 448 area. Keep stoploss below 395 area. Very positive bias for this stock.
Nagarjuna Fert. (31) Intimate buy position in March future on any dips to 30 area. For an objective of 34/36. A break above 36 will stock indicate strength in the upmove. stoploos below 29.
Hind Oil (226) Intimate buy position in March future on any dips to 223 area. For an objective of 235/241 keep stoploos below 220.
Tata Chem (368) Intimate buy position in March future on any dips to 364 area. For an objective of 378/385. A break above 385 will stock indicate strength in the upmove. stoploos below 360.
Petronet (133.5) Buy future at any decline rate nr. 131 with stoploss below 129 area for an objective for 138/142 area. intimate 5 days position.
IFCI (56.25) Buy future at rate nr. 55 with stoploss below 54 area for an objective for 59/62 intimate 5 days position.
NHPC (25) Buy future with stoploss below 24 for an objective for 27/28 area. intimate 5 days position.
SBIN (2805) Buy future with stoploss below 2775 for an objective for 2842/2879 area. intimate 5 days position.
Crompton (289) Intimate buy position in March future on any dips to 285 area. For an objective of 296/302 keep stoploos below 283s.
Best Buy For May Month :- Crompton, Petronet, GMDC.
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